Moneyball, by Michael Lewis

The tension between the uses of subjective versus objective data is a literature that formulated after introduction of money ball. Researchers have been keen to dig into the usefulness of the concept posed by the book money ball. The main idea in money ball in simple terms is that statistical analyses are better predictors than our intuition. However, “Moneyball” provides a “playing field” for many topics of interest to management it speaks to an ongoing debate in human judgment and decision- making (Brockner & Flynn 2006). The ongoing debate stems from whether people in organizations should rely on statistics or intuition to form judgment and make decisions (2006). The tension between using statistics or intuition has led to a formation of several theories in the field of behavioral decision-making, behavioral economics and behavioral finance (2006). However, it has been found that people rely on cognitive shortcuts, intuition and gut feeling when making decisions (2006). Notwithstanding, with the introduction of the book “Moneyball” there have been technological advancement to apply the concept in other fields such as management. This paper will explore the literature around “Moneyball” and its influence in management.
First, an overview of “Moneyball”, the New York Times bestseller “Moneyball” is a book about baseball, it describes how Billy Beane a general manager of the Oakland team changes major league baseball by using sabermatrics a statistic approach for developing and applying objective knowledge in baseball (Wolfe et al. 2006). He used this approach to determine the traits most associated with a player’s true value and this had an important implication in the drafting, trading and compensating of players and in...

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...right et al., 2007).

References
J, S. A. (2012). Predicting Job Performance: The Moneyball Factor. The International Journal of Apllied Forecasting, (25), 31-34.
Brockner, J., & J, F. F. (2006). Commentary on "Radical HRM innovation and competitive advantage: the Moneyball story": why organizational scientists care about Moneyball.. Human Resource Management, 45(1), 127-131.
Bryan, D., & Rafferty, M. (2006). Can Financial Derivatives Inform HRM? Lessons FromMoneyball. Human Resource Management, 45(4), 667-671.
Wolfe, R., Wright, P. M., & Smart, D. L. (2006). Radical HRM Innovation And Competitive Advantage: TheMoneyball Story. Human Resource Management, 45(1), 111-145.
Wright.Y, P., Wolfe, R., Cameron, K., .E, R. Q., .R, J. T., Babiak, K., et al. (2007). Moneyball: A Business Perspective. International Journal of sport finance, 2(4), 249-262.